It Security Laws

The Health Insurance Portability and Accountability deed of conveyance (HIPPA) was passed by telling and then signed by President Bill Clinton in 1996. This rule provides federal privacy protection of wellness condole with development for all patients. It was the first time the federal disposal had come up with national standards to protect this teaching. Within this go, the character for Civil Rights has the responsibility to enforce and monitor compliance of this rule. This privacy rule is to protect all individually identifiable health information that is in the possession of a covered entity. The information guarded by this rule includes the individuals past, face up or future physical or mental health or condition, the provision of health care to the individual, or the past, present, or future payment for the provision of health care to the individual. The Sarbanes-Oxley Act of 2002, also known as SOX, was enacted by Congress on July 30, 2002 and then was signed into law by President George W. Bush. It was named aft(prenominal) Senator Paul Sarbanes and Representative Michael Oxley who were both credited with drafting the act. The act was designed to protect investors of the possibility of false accounting information by corporations.

It was to force the top management in companies to grant that all accounting information was recorded correctly and that no false information was reported. This act created many new embodied standards and it also included punishments for those who do not abide by the rules. Section 404 of the act states that: A requirement that management and auditors gear up internal controls and reporting methods on the adequacy of those controls. Section 404 had actually costly implications for publicly traded companies as it is expensive to establish and defend the required internal controls. While accounting costs has foregone up, the act has increased the efforts of audit committees. This act was a optimistic boost in our nations capital markets. The... If you privation to get a full essay, order it on our website: Ordercustompaper.com

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